A Pricerite store located at Yee Wo Street, Causeway Bay. The furniture retailer has taken a massive hit from the social unrest and the coronavirus outbreak. Photo: Antony DicksonA Pricerite store located at Yee Wo Street, Causeway Bay. The furniture retailer has taken a massive hit from the social unrest and the coronavirus outbreak. Photo: Antony Dickson
A Pricerite store located at Yee Wo Street, Causeway Bay. The furniture retailer has taken a massive hit from the social unrest and the coronavirus outbreak. Photo: Antony Dickson

Pricerite faces ‘uphill battle’ as job cuts, store closures not enough to overcome slump amid coronavirus fears

  • Leading furniture retailer says it is trying to negotiate rent reduction with landlords
  • If retail woes continue, more staff cuts and leases on another eight stores may not be renewed, chairman says
Topic |   Coronavirus pandemic
A Pricerite store located at Yee Wo Street, Causeway Bay. The furniture retailer has taken a massive hit from the social unrest and the coronavirus outbreak. Photo: Antony DicksonA Pricerite store located at Yee Wo Street, Causeway Bay. The furniture retailer has taken a massive hit from the social unrest and the coronavirus outbreak. Photo: Antony Dickson
A Pricerite store located at Yee Wo Street, Causeway Bay. The furniture retailer has taken a massive hit from the social unrest and the coronavirus outbreak. Photo: Antony Dickson
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